Bank tds and form 26as
This query is : Resolved
26 June 2019
I prematurely withdrew my FD in Vijaya bank in April 2019. They paid me 22500/- on Rs.5L FD as interest after penalty.But in form 26 AS they are showing 29002/- as interest. They informed me that the difference is deducted as tax on 2April 2019 and will reflect in FY 19-20, 26AS. How then would I be able to claim refund for this TDS in my next return FY 19-20 . where there will not be any interest shown against vijaya bank under column TDS deducted in form 26AS then
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29 June 2019
You can request them to file correction in their TDS return.
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24 July 2020
I have found my prevous F Ys years form 26 AS updated with adding "section E" wherein some very high figures > 10L is shown by Bank/s. what are these figures. what do they indicate and what should be done about it by a tax payer. The figure obviouly is a cumulative figure of bank transactions. But unclear as to which particular transactions. one more column says mix or cash. please explain in details so it could be shared amongst my friends and well wishers. Also it will help the general public qat large. Thanks in Advance.
30 July 2020
These are details of your financial transactions. They only indicate about your probable income element in such transactions. This is a kind of hand holding by the government so that you do not miss anything while filing your income tax return. You need to account for the transactions and find out income element in the same and file your income tax return accordingly.
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30 July 2020
Thank you Brijeshji , This is the most sound and reassuring reply I got on this query. thank you very much . It's a great help to understand and move forward. I trust you shall keep up the good work.
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